john, thanks. let me ask you that question, though. right now -- lack of crisis mentality in europe, is it because we've got real progress or is it temporary? >> it's possible that the answer's yes. obviously there has been real progress in terms of putting in place institutions that will be able to deal with the problems of -- of the structure of the eurozone. at the same time, not -- they're not all operational yet. they have to be proven. and they will require policy adjustments in many european countries. so it's -- could be temporary. we'll have to see. >> at the same time, the unemployment situation is getting worse. the economics haven't improved to any great degree. i know we had a bounce yesterday, investors survey in germany. in your dealings, is there a sense here that we'll -- we'll do whatever it takes to preserve the idea of the euro? and if that means, you know, putting a generation out of work, we'll take it. >> well, this was never going to be easy because the starting point was a significant loss of competitiveness wi